RIVERWALK APARTMENTS

Acquired as a vacant apartment building in March 2011, Riverwalk Apartments was completely renovated and upgraded following a prolonged period as a bank owned asset.

The 52-unit building, which is located in downtown Ft. Myers on the banks of the Caloosahatchee River, has all 2 bedroom, 1 bath units covering 925 sq ft. Following the renovation, Larkspur leased-up the property to 95% occupancy during 2012.